Import VAT deduction has been abolished by Presidential Decree No. 7846, affecting industries subject to import surveillance, protective measures, and anti-dumping duties. The non-deductible import VAT will be recorded as cost or expense and will not be shown on import declarations. Urgent action is required due to this significant accounting change for imported goods.
Source verginet.net
Latest Posts in "Turkey"
- Update to e-Invoice and e-Archive Invoice Scenarios for VAT Amount Display and XSLT Files
- Turkiye removes simplified entries for B2C e-commerce imports
- Turkey Ends Low-Value Import Tax Breaks, Hikes Duties on Personal Shipments and Supplements
- Turkiye Abolishes Simplified Customs for Low-Value B2C E-Commerce Imports Effective February 2026
- End of VAT Deferral-Write-Off Under Provisional Article 17 and Post-2026 Implementation
